Juventus president and directors resign after tax fraud allegations

The Juventus president and management decided to step down this Monday after being accused of tax fraud.

This is the end of Andrea Agnelli’s era as president of Juventus. According to journalist Fabrizio Romano, a new direction and a new structure of the club will be determined in the coming months.

Juventus board members, including chairman Andrea Agnelli and vice-chairman Pavel Nedved, have resigned as part of an investigation into account fraud, the Italian football club announced today.

At the suggestion of Andrea Agnelli, who has led the training in Turin for the past 12 years, and given the “relevance of unresolved legal and technical accounting issues”, all directors have resigned, according to the vecchia Signora website. .

This concerns the recent investigation by the Transalpine authorities of two alleged fiscal “manoeuvres” by Juventus involving fictitious market pricing of first-team players to generate higher profits on their subsequent sale and deferral of payments to players in the financial year 2020 marked by the covid-19 pandemic. so that the funds are not taken into account in the corresponding financial year.

Regarding the last point, an agreement was signed with the players in March 2000, providing for a temporary waiver of the four-month salary, and among them will be the Portuguese Cristiano Ronaldo, according to various Italian media.

The news reports that Turin’s tax office, during searches carried out in October, discovered a document in which Juventus pledged to pay Ronaldo 19.8 million euros, i.e. an amount corresponding to four months’ salary, as part of an ongoing investigation.

At that second, and at the request of the Agnelli administration, it was indicated that Juventus’ delegated adviser Maurizio Arrivabene would remain in office during the transitional period for the new administration.

Andrea was the fourth Agnelli to lead the club, following his grandfather Edoardo, uncle Gianni and father Umberto. Steps down as Italian club president after over 12 years in office.